Chico’s FAS (CHS) Raised to Buy at Zacks Investment Research

Chico’s FAS (NYSE:CHS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $11.00 target price on the specialty retailer’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 10.00% from the company’s previous close.

According to Zacks, “Chico’s FAS, Inc. is a cultivator of brands serving the lifestyle needs of fashion-savvy women 30 years and older. Their brand portfolio currently consists of three brands: Chico’s, White House Black Market and Soma. Their brands are all specialty retailers of private label women’s apparel, accessories and related products. Currently, they operate 1,518 boutiques and outlets throughout the U.S. and Canada, as well as an online presence for each of their brands. “

Other equities research analysts have also recently issued reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $14.00 target price on shares of Chico’s FAS in a research report on Tuesday, January 9th. SunTrust Banks set a $12.00 target price on shares of Chico’s FAS and gave the stock a “buy” rating in a research report on Monday, October 16th. FBR & Co reiterated a “buy” rating and issued a $14.00 price target on shares of Chico’s FAS in a research note on Monday, October 2nd. Jefferies Group reiterated a “hold” rating and issued a $8.00 price target (up from $7.00) on shares of Chico’s FAS in a research note on Thursday, September 28th. Finally, KeyCorp reiterated a “hold” rating on shares of Chico’s FAS in a research note on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.92.

Chico’s FAS (NYSE:CHS) traded up $0.41 during trading hours on Friday, hitting $10.00. 2,406,342 shares of the stock traded hands, compared to its average volume of 3,331,754. Chico’s FAS has a 12-month low of $6.96 and a 12-month high of $15.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 1.86. The stock has a market cap of $1,280.00, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.46 and a beta of 0.73.

Chico’s FAS (NYSE:CHS) last posted its earnings results on Tuesday, November 21st. The specialty retailer reported $0.13 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Chico’s FAS had a net margin of 3.77% and a return on equity of 13.98%. The firm had revenue of $532.30 million during the quarter, compared to analysts’ expectations of $534.77 million. During the same period last year, the company posted $0.20 EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. equities research analysts expect that Chico’s FAS will post 0.65 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Northcoast Asset Management bought a new stake in Chico’s FAS during the 3rd quarter valued at about $1,802,000. J. Goldman & Company bought a new stake in Chico’s FAS during the 3rd quarter valued at about $5,193,000. Eagle Asset Management increased its stake in Chico’s FAS by 98.4% during the 3rd quarter. Eagle Asset Management now owns 1,612,618 shares of the specialty retailer’s stock valued at $25,366,000 after purchasing an additional 799,891 shares in the last quarter. Shufro Rose & Company increased its stake in Chico’s FAS by 6.7% during the 4th quarter. Shufro Rose & Company now owns 277,890 shares of the specialty retailer’s stock valued at $2,965,000 after purchasing an additional 17,500 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its stake in Chico’s FAS by 69.5% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 258,144 shares of the specialty retailer’s stock valued at $2,754,000 after purchasing an additional 105,840 shares in the last quarter.

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About Chico’s FAS

Chico’s FAS, Inc is an omni-channel specialty retailer of women’s private branded, casual-to-dressy clothing, intimates and accessories, operating under the Chico’s, White House Black Market (WHBM) and Soma brand names. The Company is also engaged in the sale of merchandise in its domestic and international retail stores.

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